Amerant Bancorp Inc. (NYSE:AMTB) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET

Company Participants

Laura Rossi - Head, Investor Relations

Jerry Plush - Chairman and CEO

Carlos Iafigliola - Chief Financial Officer

Conference Call Participants

Brady Gailey - KBW

Michael Rose - Raymond James

Matthew Olney - Stephens

Feddie Strickland - Janney Montgomery Scott

Operator

Good day and thank you for standing by. Welcome to the Amerant Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

Please be advised, that today’s conference is being recorded. I would now like to hand the conference over to Laura Rossi, Head of Investor Relations. Please go ahead.

Laura Rossi

Thank you, Tanya. Good morning, everyone, and thank you for joining us to review Amerant Bancorp’s third quarter 2022 results. On today’s call are Jerry Plush, our Chairman and Chief Executive Officer; and Carlos Iafigliola, our Chief Financial Officer.

As we begin, please note that discussions on today’s call contain forward-looking statements within the meaning of the Securities Exchange Act. In addition reference will also be made to non-GAAP financial measures. Please refer to the company’s earnings release for a statement regarding forward-looking statements, as well as for information and reconciliation of non-GAAP financial measures to GAAP measures.

I will now turn it over to our Chairman and CEO, Jerry Plush.

Jerry Plush

Thank you, Laura. Good morning, everyone. And thank you for joining Amerant’s third quarter 2022 earnings call. I am pleased to be here today to report on our results for the quarter. But before we do that, I’d like to acknowledge the impact Hurricane Ian had on Southwest Florida. Our thoughts and prayers go out to those most affected by the storm.

At Amerant, we have been actively involved in several efforts to support impacted communities recover from this unfortunate event and we look forward to seeing everyone affected back on their feet. From a business perspective, we are fortunate to report there have been no significant impacts identified in our Florida loan portfolio.

Moving on to the remarks of the quarter, on October 19, 2022, our Board of Directors approved a $0.09 per share dividend payable on November 30th of this year. As I have shared in previous calls, paying dividends are an essential component of our plan to provide greater value to our shareholders.